Lagardere Full Year 2024 Earnings: EPS Misses Expectations

Lagardere (EPA:MMB) Full Year 2024 Results

Key Financial Results

• Revenue: €9.00b (up 11% from FY 2023).
• Net income: €168.0m (up 21% from FY 2023).
• Profit margin: 1.9% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: €1.19 (up from €0.99 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lagardere EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

The primary driver behind last 12 months revenue was the Lagardère Travel Retail segment contributing a total revenue of €5.81b (65% of total revenue). Notably, cost of sales worth €5.34b amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €2.31b (66% of total expenses). Explore how MMB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Media industry in France.

Performance of the French Media industry.

The company's shares are up 9.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Lagardere you should be aware of, and 2 of them can't be ignored.

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